By John Majewski

Professor Majewski compares Virginia and Pennsylvania to provide an explanation for how slavery undermined the improvement of the southern financial system. first and foremost of the 19th century, citizens in each one kingdom financed transportation advancements to elevate land values and spur advertisement progress. even though, through the 1830s, Philadelphia capitalists begun financing Pennsylvania's railroad community, construction built-in structures that reached the Midwest. Virginia's railroads remained a suite of traces with out western connections. the inability of a big urban which may supply capital and site visitors for large-scale railroads was once the weak point of Virginia's slave economic system.

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Additional resources for A House Dividing: Economic Development in Pennsylvania and Virginia Before the Civil War (Studies in Economic History and Policy)

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Blessed with viable (if hardly perfect) transportation down the James River, rich soils, and a temperate climate, Albemarle was a prime location for tobacco growers. Tobacco prices began to rise in the 1740s, and remained high until the Revolution. Simultaneously, planters in the Tidewater area, with their land exhausted from years of heavy tobacco cultivation, switched to wheat and other grains. The shift to grains in the Tidewater area meant that newly settled counties such 5 Alexis de Tocqueville, Democracy in America, p.

Reformers hoped that better returns from farming would help stem the tide of emigration, thus keeping together 39 40 41 42 43 Frank Carr [Constitition of "The Albemarle Hole and Corner Club, No. 1"], Southern Planters (July 1842), p. 154. "Another Hole and Corner Club," Southern Planter 5 (February 1845), p. 47, and "Report of the Upper Hole and Corner Club of Mecklenburg," Southern Planter 4 (February 1844), p. 31. Rural historians have sometimes interpreted the lack of interest of ordinary farmers in agricultural reform as part of a general hostility to the commercialization of agriculture and market imperatives.

154. "Another Hole and Corner Club," Southern Planter 5 (February 1845), p. 47, and "Report of the Upper Hole and Corner Club of Mecklenburg," Southern Planter 4 (February 1844), p. 31. Rural historians have sometimes interpreted the lack of interest of ordinary farmers in agricultural reform as part of a general hostility to the commercialization of agriculture and market imperatives. A more straightforward economic explanation is that wealthy planters had the time, money, and education to experiment with expensive and untried fertilizers, crop rotations, and livestock breeds; they could well afford to make mistakes that might mean bankruptcy for a smaller farmer.

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